50-52 Reads Avenue, Blackpool, FY1 4DE

A fantastic opportunity to operate a 3 storey double (leasehold) property positioned on a well regarded holiday letting road in Central Blackpool. Arranged internally with 36 en-suite bedrooms, the property has undergone extensive improvements including a new main roof (2024), a substantial heating system and enhancements to guest rooms and common areas including new beds/mattresses. The operator advises newly established business connections have contributed to strong summer '25 trading figures. 15 On-site car parking. Additional public paid car parking next door. We are informed the lease repair responsibility is limited to internal repair only. Rent £3,000 pcm with no increase for 5 Yrs from 2024.

LOCATION
On the Southerly frontage of Reads Avenue.

LOWER GROUND FLOOR
Storage only

GROUND FLOOR
Entrance to hallway leading to a generous reception and waiting area, rear dining room with kitchen, tea and coffee facilities.

8 Bedrooms En Suite (6 Doubles, 1 Family, 1 Twin)

FIRST FLOOR
15 Bedrooms En Suite (5 Doubles, 4 Double/Twin, 2 Family, 1 Triple, 1 Twin, 2 Single)

SECOND FLOOR
13 Bedrooms (6 Double/Twin, 1 Double, 5 Single, 1 Family/Quad) - A small number of rooms undergoing cosmetic overhaul on an ongoing improvement basis.

EXTERIOR
Car Parking for appx 15 motor vehicles

BUSINESS
We are advised trading for 2025 is as follows:
May 2025 £11k, June £12k, July £12k, August £20k. Turnover improving as more rooms come on line after refurbishment.

SERVICES
Gas, Electric & Water.

TENURE
Leasehold. We are advised the lease is internal repair only. Rent £3,000 pcm with no increase for 5 Yrs from 2024.